COVID-19 Pandemic Will Force Companies Around the World to Radically Rethink How They Operate and Embrace Technological Investment
ABI Research Analysts share their thoughts on the likely short-and long-term impacts the global pandemic will have on technology and end markets
OYSTER BAY, New York, March 19, 2020 /PRNewswire/ -- The Coronavirus outbreak and the worldwide reaction to the pandemic will force companies to radically rethink how they operate and embrace technological investment, states global tech market advisory firm, ABI Research.
In its new white paper, Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets, ABI Research Analysts look at the current and future ramifications of COVID-19 across technologies and verticals. Analysts also offer recommendations to weather the storm and strategies to help companies rebound and prosper after the pandemic has slowed.
"To effect change, there must be a stimulation of a magnitude that means companies cannot do anything but make bold decisions to survive. COVID-19 is that magnitude," explains Stuart Carlaw, Chief Research Officer at ABI Research.
Bold decisions and technological investments could lead to outcomes such as:
- A more concerted and widespread move to lights-out manufacturing
- Increased usage of autonomous materials handling and goods vehicles
- A more integrated, diverse, and coordinated supply chain
- Investment in smart cities to support community resilience
- A move to virtual workspaces and practices
- And so much more
"Before we feel this potential long-term impact, there will be some serious short-term implications. Contractions in consumer spending, disruptions to supply chains, and reduced availability of components will create a rough sea for all boats," Carlaw says. "In the short-term, there will be a retrenchment in outlooks a reduced investment in modernization, as survival instincts trump the drive to prosperity."
For a clearer picture of the short- and long-term global impacts of COVID-19, download the whitepaper Taking Stock of COVID-19: The Short- and Long-Term Ramifications on Technology and End Markets.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
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Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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